Century Aluminum (NASDAQ:CENX) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Century Aluminum (NASDAQ:CENX) from a peer perform rating to an outperform rating in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have $27.00 price objective on the industrial products company’s stock.

Several other analysts have also recently weighed in on CENX. BMO Capital Markets raised their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. B. Riley raised their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

Century Aluminum Stock Up 0.7 %

NASDAQ:CENX opened at $23.92 on Tuesday. Century Aluminum has a 52 week low of $7.28 and a 52 week high of $25.39. The stock’s fifty day moving average is $19.35 and its two-hundred day moving average is $16.98. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 8.00 and a beta of 2.50. The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period in the prior year, the firm earned ($0.13) earnings per share. Research analysts anticipate that Century Aluminum will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in shares of Century Aluminum by 7.9% in the third quarter. Franklin Resources Inc. now owns 30,115 shares of the industrial products company’s stock valued at $524,000 after acquiring an additional 2,198 shares in the last quarter. Barclays PLC lifted its position in Century Aluminum by 266.5% in the third quarter. Barclays PLC now owns 97,396 shares of the industrial products company’s stock valued at $1,581,000 after purchasing an additional 70,825 shares during the period. Geode Capital Management LLC boosted its holdings in Century Aluminum by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,279,772 shares of the industrial products company’s stock valued at $20,774,000 after purchasing an additional 13,486 shares in the last quarter. Impala Asset Management LLC increased its position in Century Aluminum by 6.4% during the 3rd quarter. Impala Asset Management LLC now owns 904,000 shares of the industrial products company’s stock worth $14,672,000 after purchasing an additional 54,000 shares during the period. Finally, Yaupon Capital Management LP raised its stake in shares of Century Aluminum by 401.5% during the 3rd quarter. Yaupon Capital Management LP now owns 322,024 shares of the industrial products company’s stock worth $5,226,000 after buying an additional 257,812 shares in the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.